Natural Gas price crawls negatively – Analysis – 7-5-2019
Economies.com
2019-05-07 07:12AM UTC
Natural gas price formed negative crawling recently, affected by the strength of 3.000 resistance, approaching the first target at 2.450, while stochastic release from the oversold areas might force the price to provide some sideways fluctuation until succeeding to gather new negative momentum in the near term period.
Note that succeeding to break 2.450 will open the way to resume the negative attack, expecting to move towards 2.250 followed by reaching the previously recorded low at 1.6000.
The expected trading range for today is between 2.720 and 2.250
The expected trend for today: Bearish
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